NEW DELHI: Kanodia Group is foraying into the real estate sector and plans to invest more than Rs 5,000 crore by 2028. It plans to venture into both residential and commercial segments.
Gautam Kanodia, co-founder of the company said, “We aim to invest this amount for the acquisition and development of residential and commercial projects. Initially focusing on projects in NCR, we aim to expand our real estate footprint to other regions as well.”
The group has a presence in the cement industry for over 30 years. It currently operates three plants in Sikandrabad, Bulandshahar, Amethi (Uttar Pradesh) and one in Bihar, with a total capacity of 4.2 million tonnes per annum.
Kanodia Cement is going to establish two cement grinding units in Uttar Pradesh with the total capacity of five million tonnes per annum.
